You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease (rent) it to your best friend as she is taking an MBA course in XMUM. O a. Thus, there is no opportunity cost of leasing involve for the landed house because you will definitely collect a rent from your best friend. O b. Thus, the only cost that relevant to this decision is the amount or price that you paid for the landed house. O c. Thus, there is no opportunity cost involve in leasing the landed house because you own it. O d. Thus, there will be an opportunity cost of leasing the landed house because you could have chosen to live stay in it.

You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease (rent) it to your best friend as she is taking an MBA course in XMUM. O a. Thus, there is no opportunity cost of leasing involve for the landed house because you will definitely collect a rent from your best friend. O b. Thus, the only cost that relevant to this decision is the amount or price that you paid for the landed house. O c. Thus, there is no opportunity cost involve in leasing the landed house because you own it. O d. Thus, there will be an opportunity cost of leasing the landed house because you could have chosen to live stay in it.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter18: Pricing The Factors Of Production

Section: Chapter Questions

Problem 2TY

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